Bowman: Support interest rate cuts starting in September, three rate cuts should be made during the year
2025-08-10 00:09:30
On August 10, Federal Reserve Governor Bowman said that the recent job growth data has been revised sharply downward, highlighting the reasons why the Federal Reserve should cut interest rates. The apparent weakness in the labor market outweighs the risk of rising inflation in the future, and she expects to support rate cuts at the Fed's three remaining meetings this year. With economic growth slowing this year and signs of weakening labor market vitality becoming clear, it is appropriate to begin gradually shifting the moderately restrictive policy stance to neutral.
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